Warren County’s government finances received another clean bill of health, passing the 2008 annual audit without any problems.
“Warren County is in excellent shape,” John Mooney of Nisivoccia & Company LLP told the Warren County Board of Chosen Freeholders recently as he presented the 2008 audit the firm conducted. Mooney commended the freeholders and other county officials “on doing a fine job maintaining fiscal integrity throughout the county.”
Freeholder Director John DiMaio concurred, noting, “Our professionals in the Finance Department do such a fine job. The auditor gave them perfect scores on their work. It shows what great personnel we have.”
“You are in very good fiscal health,” Mooney told DiMaio and fellow Freeholders Richard D. Gardner and Everett A. Chamberlain. “Everything we are looking for, you are in compliance with.”
Mooney noted Warren County has very low debt, probably the lowest of all 21 counties, and could borrow $100 million more before hitting its debt limit. |
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DiMaio later explained the county’s “pay as you go” philosophy of avoiding bonding and putting aside money to use for capital projects “pays dividends to future generations, to make sure they are not stranded with a lot of debt.”
Mooney said the auditors were asked to perform additional procedures in several areas to test the county’s financial systems, in areas such as control of petty cash, reimbursement of expenses and payroll.
“We found no delinquencies, no deficiencies in your internal controls process. I think that’s a testament to the finance office and the work they do on a day-to-day basis,” Mooney told the freeholders.
To view the full audit, click here. Audits dating back to 2002 are available online, while the annual budget and budget summaries back to 2000 also are posted on this website. |